Drax Group (Drax Group) Dividend Payout Ratio : 0.12 (As of Dec. 2023)

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What is Drax Group Dividend Payout Ratio?

Drax Group's dividend payout ratio for the months ended in Dec. 2023 was 0.12.

The historical rank and industry rank for Drax Group's Dividend Payout Ratio or its related term are showing as below:

DRXGY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.64 Max: 7.57
Current: 0.18

During the past 13 years, the highest Dividend Payout Ratio of Drax Group was 7.57. The lowest was 0.18. And the median was 0.64.

DRXGY's Dividend Payout Ratio is ranked better than
79.27% of 193 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.39 vs DRXGY: 0.18

As of today (2024-04-26), the Dividend Yield % of Drax Group is 4.36%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Drax Group was 11.13%. The lowest was 0.70%. And the median was 3.57%.

Drax Group's Dividends per Share for the months ended in Dec. 2023 was $0.22.

During the past 12 months, Drax Group's average Dividends Per Share Growth Rate was 10.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Drax Group was 76.70% per year. The lowest was -48.40% per year. And the median was -6.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Drax Group Dividend Payout Ratio Historical Data

The historical data trend for Drax Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Drax Group Dividend Payout Ratio Chart

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.61

0.67

0.83

0.23

0.18

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.62	0.57	0.13	0.28	0.12

Competitive Comparison of Drax Group's Dividend Payout Ratio

For the Utilities - Renewable subindustry, Drax Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Drax Group's Dividend Payout Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Drax Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Drax Group's Dividend Payout Ratio falls into.

Drax Group Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Drax Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.537	/	2.957
	=	0.18

Drax Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.222	/	1.818
	=	0.12

Drax Group (OTCPK:DRXGY) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Drax Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Drax Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGY) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

DRXGF:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.